The European Chemical Industry Council (CEFIC) has reported that EU27 chemical production fell by 1.9% from 2019 to 2020. It expects 3% and 22% growth in 2021 and 2022 respectively. However, “longer-term economic outlook remains highly uncertain due to the ongoing COVID-19 pandemic and its continued economic impacts”.
Ahead of the European Council meeting on 17 July, CEFIC called on EU member states “to urgently agree an EU Recovery Plan to restart Europe’s economy and kick off investments towards a green and digital transition”.
According to the association, COVID-19 has been “a timely reminder that Europe needs its own robust industrial capacity” and such a plan could turn the crisis into “an opportunity to build a more resilient European economy whilst delivering on the European Green Deal objectives”. The chemicals industry will be critical to this.
The UK’s Chemical Industries Association (CIA) and the European Chemical Industry Council (CEFIC) have expressed their regret at the continued uncertainty over Britain’s future in or out of the EU.